Guideline Value for KALYANI NAGAR PART II

Kalyani Nagar Part II guideline value

The current guideline value of Kalyani Nagar Part II, located in Manancheri village under the Kunrathur SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Kalyani Nagar Part II has changed

The guideline value for Kalyani Nagar Part II has undergone several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 shows a further increase to Rs 1,320 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Manancheri

In Manancheri, there are 59 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,400 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value for Kalyani Nagar Part II is above this median.

• Jayalakshmi Nagar: Rs 990 per sq.ft (2024)
• K.M.K.Nagar: Rs 990 per sq.ft (2024)
• Hari Avenue: Rs 990 per sq.ft (2024)
• Guruvayurappan Nagar: Rs 990 per sq.ft (2024)
• Kundrathur Garden Phase III: Rs 990 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Kalyani Nagar Part II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total fees together Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kalyani Nagar Part II?

The Sub Registrar Office that covers Kalyani Nagar Part II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Manancheri

The guideline value is a crucial figure used during the registration of property transactions in Manancheri. It determines the minimum value at which properties must be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value can influence negotiations and the final sale price. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can affect overall costs.

Frequently asked questions

What is the current guideline value of Kalyani Nagar Part II?

The current guideline value of Kalyani Nagar Part II is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking a total increase of 64% over these years.

What is the land classification for Kalyani Nagar Part II?

Kalyani Nagar Part II is classified as Residential Special Type - I, which indicates its designated use for residential purposes.

Where can I find the Sub Registrar Office for Kalyani Nagar Part II?

The Kunrathur Sub Registrar Office covers Kalyani Nagar Part II and is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Kalyani Nagar Part II?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.